Mexico's October Mining Production Up 14.9% On Year
Inegi said gold output was 66.1% higher in October at 4,814 kilograms. Silver output was 26.7% higher than in October 2007 at 259,082 kilograms, while copper output was up 17.6% at 23,746 metric tons.
Lead production fell 23% to 7,737 metric tons, while zinc production was up 0.2% at 34,860 metric tons. Iron output fell 2.4% to 674,985 metric tons, and coal production fell 2.4% to 945,877 metric tons, Inegi reported.
Mexico is the world's second-largest silver producer behind Peru, and is also home to one of the world's largest copper producers - Grupo Mexico (GMEXICO.MX).
Grupo Mexico's Cananea mine, Mexico's largest, has been closed by a strike since the end of July 2007, affecting the country's copper production.
A longstanding dispute between the company and leaders of the National Mining and Metals Workers Union has kept the strike from being resolved.
-By Peter Millard; Dow Jones Newswires; 5255-5001-5724; peter.millard@dowjones.com
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Publié le 18 Décembre 2008 Copyright © 2008 Dowjones
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